SharkNinja Inc. shares advanced to a record $191.28 on Tuesday, extending a 63.85% gain over the past year and a 68.5% year-to-date increase. The appliance manufacturer’s market capitalization reached $26.9 billion amid a broader rally in consumer durables.
Second-quarter 2026 revenue rose 22.2% to $1.77 billion, though adjusted earnings per share declined to $0.92, missing Wall Street’s forecast by $0.28. Despite the shortfall, the company raised its full-year outlook, citing sustained demand for its kitchen and home products.
Analysts responded positively to the outlook revision. UBS increased its price target to $219.10, attributing the upgrade to accelerated product launches. Canaccord and Guggenheim both raised their targets to $210, citing sales growth that exceeded expectations and EBITDA that surpassed estimates. InvestingPro data showed 11 analysts revised earnings estimates upward for the upcoming period.
The stock’s valuation remains a point of debate. InvestingPro data indicates SharkNinja appears overvalued relative to its fair value estimate, even as shares trade near historic highs.
